basic costs to factor in when calculating outgoings?

[my03]

Hey guys, what would be a basic list of costs when calculating outgoings, and what kind of rate would you apply for these costs? I know every property or scenario is different but Ive come up with the following:

- water
- property management fees
- building and landlord insurance
- repairs and maintenance
- advertising and lease fees

How much or rough % would you apply and have I left anything out?

Cheers

 

[vaughan]

Council rates. Vacancy. Possibly land tax.

It's not possible to assign a percentage to a lot of these costs. LL insurance depends on the location of the property and not so much the purchase price. Building insurance can be huge if there is a flood or bushfire risk.

Best bet is to get actual quotes for insurances.

 

[Scott No Mates]

Strata Levies (if applicable)
Insurance excess (for any claims)
Provision for repairs (ie depreciation) @ 2.5% of building cost (as a 40 yr lifespan of building)

 

[Salvatore1]

Water rates any interet paid on the loan (if applicable)?

 

[AlmostBob]

cleaning and waste removal, there is always something between tenants